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PHFA Announces Creation of Developer Opportunity Fund
Its goal is to address competitiveness in tax credit housing development by helping new and smaller developers with funding and experience to overcome their strategic disadvantages
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HARRISBURG, Pa., March 12, 2021 /PRNewswire/ The Pennsylvania Housing Finance Agency today announces the creation of the Developer Opportunity Fund to help promote the growth and financial capability of Women-owned Business Enterprises, Minority-owned Business Enterprises and community developers that are building affordable housing within Pennsylvania through the Low Income Housing Tax Credit Program. The need for this fund became apparent after observing the various developers that applied for tax credit allocations during the past few years.
PHFA Announces Creation of Developer Opportunity Fund prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Senior Deputy Commissioner and Chief Diversity Officer Lynelle Maginley-Liddie will spearhead policymaking efforts for the agency’s Minority and Women Owned Business Enterprises programs.